Tag Archives: technical analysis

Knightmare on Wall Street’s Edgar Perez on ‘Knight Capital, Goldman Sachs and NASDAQ’s trading glitches, a Sad New Market Reality?’

Mr. Edgar Perez, Author,  The Speed Traders and Knightmare on Wall Street, will provide the keynote speech “Knight Capital, Goldman Sachs and NASDAQ’s trading glitches, a Sad New Market Reality?” at High-Frequency Trading Leaders Forum 2013 Chicago, “Strategic and Tactical … Continue reading

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Citi’s Reverse Stock Split Signals End of a High-Frequency Trading Era

It’s no secret that the savage decline of Citi’s stock into the penny stock zone was a huge boon to high-frequency traders. Many of the firms made the stock–along with some other low-priced bank stocks–the centerpiece of their strategies, trading … Continue reading

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Nasdaq, NYSE Arca Cancel Trades in Over 50 Stocks

More than 50 companies including pharmaceutical giants Pfizer Inc. and Merck & Co. were hit with a flurry of bad trades on Monday that later had to be canceled. Most of the trades that were canceled involved companies in the … Continue reading

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Oil Crash Pits Floor Veterans vs Computer Algos

A day after oil prices plunged an unprecedented $12 a barrel, a New York trader sat on the steps of the dormant oil futures pit, playing a word game on his tablet computer. Back to business as usual for floor … Continue reading

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Nasdaq bid for NYSE a ‘brief interlude’ – CEO

Nasdaq OMX Group’s failed bid for long-time rival NYSE Euronext was a “brief interlude” for management, and a disappointment, the exchange operator’s chief executive said Thursday. Robert Greifeld, speaking at a brief annual meeting, said he owed it shareholders to … Continue reading

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The Worst Market Structure … Except All Others

To paraphrase (poorly) Winston Churchill, our equity markets are the worst form of market structure “except all the others that have been tried.” Our current market structure is competitive, fast, innovative and cheap — all to a fault. The problem … Continue reading

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So Many Regulations, So Little Time

The Commodity Futures Trading Commission (CFTC) has embarked on a radical restructuring of the over-the-counter (OTC) derivatives market, at a pace that hardly allows us to even consider the impact of our new rules. We owe it to the markets … Continue reading

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Levin Statement on Proposed Foreign Exchange Swaps and Forwards Exemption

U.S. Sen. Carl Levin, D-Mich., chairman of the Permanent Subcommittee on Investigations, issued the following statement today regarding the U.S. Treasury Department’s proposal on regulation of foreign exchange swaps and forwards. In November, Levin urged Treasury Secretary Timothy Geithner not … Continue reading

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Commodity Futures Trading Commission Votes to Establish a New Subcommittee of the Technology Advisory Committee (TAC)

New Subcommittee on Data Standardization is Seeking Nominations for Members Washington, DC – Commissioner Scott D. O’Malia, the chairman of the Technology Advisory Committee (TAC), announces that the Commission has voted to establish a Subcommittee on Data Standardization to develop … Continue reading

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NYSE Euronext Plans Dual Clearing Venues with LCH

Exchange giant NYSE Euronext is looking to set up two parallel clearing services if it seals its proposed deal to buy Anglo-French clearing house LCH.Clearnet as well as merging with Deutsche Boerse. NYSE Euronext, which agreed a $10.2 billion combination … Continue reading

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